Implementation of Changes to National Insurance Contribution Rates

A new schedule of contribution rates was approved for the National Insurance (NI) System of Trinidad and Tobago following the statutory 8th Actuarial Review on the NI System. These changes will take effect from March 4, 2013.

The increase in the value of income protected by the NI System would provide increased benefit to the employed person. Through such amendments, the National Insurance Board of Trinidad and Tobago can grow its fund and keep benefits relevant.

As we embark upon implementing these changes to the NI System, we enclose for your ease of reference, a copy of the new Contribution Rate Schedule, which will guide you in modifying your payroll system.

The new schedule outlines increases in monthly earnings, covered up to a maximum of $10,000.00 (up from $8,300.00) and also reflects the increase in the contribution rate from 11.4% to 11.7% in 2013.

New contribution payments become due from March 4, 2013.

For more information call us at the NI Hotline at 663-4647.

We thank you and look forward to your full cooperation.

KAREN GOPAUL
EXECUTIVE DIRECTOR (AG.)
The National Insurance Board of Trinidad and Tobago